Wedgewood Investors



Opening Doors To Financial Direction Since 1984.

Wedgewood Investors is an independent Registered Investment Advisor (RIA) that was founded in 1984. As one of the oldest independent firms in the industry, we have the experience and capabilities necessary to offer unbiased investment advice and portfolio management services. Wedgewood operates as a fee-only advisor, meaning we don’t charge commissions or receive trailing compensation like broker-dealers or insurance companies. Rather, we choose to sit on the same side of the table as our clients and work together to achieve their financial goals.

At Wedgewood Investors, we employ a top-down approach to stock selection; all stock selections are based on our proprietary process, which encompasses both tangible metrics such as financial ratios and share price as well as intangibles, like guidance and management. We are long-term investors that maintain a very low turnover rate within our portfolio. Wedgewood Investors utilizes our distinct process not only for the buying aspect of our portfolio, but also for the selling aspect. For us, a solid sell discipline is just as important as effective purchasing criteria.

Our Team.

  • Daniel Teed

    Daniel Teed


    Dan graduated from Gannon University with degrees in Economics and Japanese. His graduate studies were done at Obirin Daigaku (University) in Tokyo, Japan where he specialized in International Economics as well as the University of Chicago Graduate School of Business. Upon graduation, Dan took a job in Chicago as a floor trader at the Chicago Board of Trade where he specialized in trading interest rate derivatives, primarily in the US bond markets. He held a seat on the exchange for 12 years after which he was transferred to Tokyo where he traded all types of international interest rate derivative instruments for a major investment bank.  Upon his return to Chicago, he founded Associated Trading Partners (ATP), an interest rate derivative and equity hedge fund that he ran for five years. ATP was purchased by an investment bank based in London, UK where he spent the next two years running the firm.  Dan eventually made his way back to Erie where he found his way to Wedgewood Investors and became became President of the firm in 2011.  Outside of work, he is the proud father or four daughters (and three dogs) and spends his free time outdoors as much as possible and participates in many types of endurance sports.


  • Michael Clark

    Michael Clark

    Portfolio Manager

    Michael pursued his academic journey at Gannon University, where he earned two undergraduate degrees – one in Finance and the other in Marketing. His dual expertise in these fields laid the groundwork for a dynamic career in financial planning and business management. Prior to his career at Wedgewood Investors, Michael spent four years in the financial field, most recently as a Financial Advisor. In addition to his career in Financial Services, Michael also works as the Vice President and Financial Council for Fisher Security, a local unarmed security guard company in Erie. In his free time, Michael enjoys an active lifestyle playing golf, skiing, fitness training and spending time with his friends and family.

  • Melanie Brennan

    Melanie Brennan

    Manager of Operations and Client Services

    Melanie has been in the finance/accounting field for over 29 years and has worked at Wedgewood for 22 years. Before Wedgewood, she worked at Erie Petroleum as Accounting Supervisor. She attended Gannon University concentrating in Business. In her position she focuses on client relationships and day-to-day operations of the firm. She has been married for 33 years and is the mother of 3 children and has one grandchild. Most of her personal time is occupied spending time with family and friends. When she can, likes to get creative with crafting and do-it-yourself projects.

  • Shelly Brown

    Shelly Brown

    Manager of Operations and Client Services

    Shelly has been in the finance arena for over 35 years and has worked for Wedgewood Investors for 25 years. Before Wedgewood, she worked in Treasury Department at Lord Corporation. She attended Villa Maria College concentrating in Auditing and Accounting. In her position she focuses on client relationships and day-to-day operations of the firm. Her hobbies include playing bocce, cross stitch, and spending time with her children and grandchildren.

  • Celeste Sala

    Celeste Sala

    Client Relationship Specialist

    Celeste attended Edinboro University of Pennsylvania where she obtained her undergraduate degree in Criminal Justice accompanied by a double minor in Sociology and Psychology. Her knowledge in these fields translates into customer relations by addressing clients’ specific situations and the methodology that will best support their individual needs while staying within the parameters of compliance. Prior to Celeste’s onboarding with Wedgewood Investors, she worked in the customer service-based industry for over five years, learning how to efficiently problem solve on short notice. In her time off, Celeste partakes in several outdoor activities including winter sports, hunting, camping, and of course spending time with family as often as possible at Sunday dinners.


Wedgewood Investors is not associated with any “big banks” as to not limit the investment families and vehicles available to our clients. This is just one of the benefits of working with a truly independent Registered Investment Advisor.


Founded in 1984, Wedgewood Investors is one of the oldest RIA firms in the country. As a fiduciary and fee-only advisor, we take no commission and sit on the same side of the table as our clients.


When you work with Wedgewood Investors, you are forming a long-term, advisor-client relationship. As a small, selective boutique operation, we offer individualized customer service designed to identify and meet your financial goals.


More than anything, Wedgewood Investors and its employees offer our clients decades of experience. We have a proven track record of delivering exceptional service and results for over $200 million under management.

Investment Advising & Portfolio Management Services in Erie, Pennsylvania

Wedgewood Investors specializes in individualized account management. Our clients include high net worth individuals, foundations and endowments, corporate pensions and qualified plans, and non-profit organizations. Each of our portfolios is constructed and allocated from the ground up to suit the individual needs and risk tolerance of the client. Wedgewood Investors is an active manager and does not just sort clients into pre-fabricated investment models; instead, we concentrate on utilizing individual stocks and bonds along with ETF’s and mutual funds to complete the portfolios’ allocations in line with the clients’ risk tolerance and objectives.

Wedgewood Investors bases our investment management services on a list of distinct criteria for both purchasing and selling, providing our clients with what we believe to be the best investment opportunities available. Our purchasing criteria is as follows:

  • Opportunity is based on a long-term approach to portfolio management. Short-term volatility and price fluctuation can create temporary price-to-intrinsic value discrepancies. Our database is set up to identify any such discrepancy and alert us to possible opportunities. If this opportunity meets our other criteria, it becomes a candidate for inclusion in our portfolio.
  • The Consistency in our criteria refers to a company’s management, guidance, and long-term approach. A reliable management team that has experienced a variety of economic cycles is key to a company’s long-term viability. If a company’s management and approach to business are consistent, their share prices will reflect that consistency.
  • The Numbers we watch include financial margins and ratios. Metrics such as return on equity, operating margin, and price to earnings ratio are part of our screening process, as well as things like cash flow and dividend growth. Low valuation in relation to strong financial data makes a company a candidate for our portfolio.

Our selling criteria is as follows:

  • Excessive Valuation is one factor that will trigger the sale of a portfolio holding. While short-term volatility can create buying opportunities, it can also create the opportunity to take profits.
  • Changes in Management or a notable change in a company’s approach can also trigger the sale of a portfolio holding. While this won’t happen automatically, Wedgewood Investors will place very close scrutiny on this holding to determine further action.
  • Deteriorating Fundamentals are another trigger for the sale of a portfolio holding. If a company’s quarterly financial statements show deterioration in its key metrics, Wedgewood Investors will place the company under very close scrutiny. A minute amount of deteriorating metrics is not likely to warrant a sale, but if it continues or other selling criteria are met, we will sell the holding.

We view equity selections with a long-term investment horizon of three to five years. Within that time frame, however, price targets of six to eighteen months may be used. For more information regarding the investment management services offered by Wedgewood Investors, contact our experienced team and get started today.